The idea of putting Bollinger Bands at 1 & 2 standard deviations is to get help with finding buyable/sellable pullbacks & corrections. This of course can be a major help with getting the Wave Count right.
On cell phone this is quite easy. Set BBs on the “First Indicator”.
if (RSI[i]<main[i] && RSI[i-1]>RSI[i] && RSI[i+2]>upper[i]){
ObjectCreate(0,"TLine"+IntegerToString(i),OBJ_TREND,indicator_window,Time[i+2],RSI[i+2],Time[i],RSI[i]);
ObjectSetInteger(0,"TLine"+IntegerToString(i),OBJPROP_RAY_RIGHT,false);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_COLOR,clrWhite);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_WIDTH,9);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_BACK,1);
ObjectCreate("TLiney"+DoubleToStr(i), OBJ_TEXT, indicator_window, Time[i], RSI[i]-30*Point);
ObjectSetText("TLiney"+DoubleToStr(i), "MUST GO LONG", 13, "Impact", Purple);
}
if (RSI[i]<lower2[i] && RSI[i-1]>RSI[i] && RSI[i+3]>lower[i]){
ObjectCreate(0,"TLine"+IntegerToString(i),OBJ_TREND,indicator_window,Time[i+3],RSI[i+3],Time[i],RSI[i]);
ObjectSetInteger(0,"TLine"+IntegerToString(i),OBJPROP_RAY_RIGHT,false);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_COLOR,clrWhite);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_WIDTH,9);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_BACK,1);
ObjectCreate("TLiney"+DoubleToStr(i), OBJ_TEXT, indicator_window, Time[i], RSI[i]-30*Point);
ObjectSetText("TLiney"+DoubleToStr(i), "MUST GO LONG", 13, "Impact", Green);
}
if (RSI[i]>main[i] && RSI[i-1]<RSI[i] && RSI[i+2]<lower[i]){
ObjectCreate(0,"TLine"+IntegerToString(i),OBJ_TREND,indicator_window,Time[i+2],RSI[i+2],Time[i],RSI[i]);
ObjectSetInteger(0,"TLine"+IntegerToString(i),OBJPROP_RAY_RIGHT,false);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_COLOR,clrWhite);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_WIDTH,9);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_BACK,1);
ObjectCreate("TLiney"+DoubleToStr(i), OBJ_TEXT, indicator_window, Time[i], RSI[i]+9);
ObjectSetText("TLiney"+DoubleToStr(i), "MUST GO SHORT", 13, "Impact", Purple);
}
if (RSI[i]>upper2[i] && RSI[i-1]<RSI[i] && RSI[i+3]<upper[i]){
ObjectCreate(0,"TLine"+IntegerToString(i),OBJ_TREND,indicator_window,Time[i+3],RSI[i+3],Time[i],RSI[i]);
ObjectSetInteger(0,"TLine"+IntegerToString(i),OBJPROP_RAY_RIGHT,false);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_COLOR,clrWhite);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_WIDTH,9);
ObjectSet("TLine"+IntegerToString(i),OBJPROP_BACK,1);
ObjectCreate("TLiney"+DoubleToStr(i), OBJ_TEXT, indicator_window, Time[i], RSI[i]+9);
ObjectSetText("TLiney"+DoubleToStr(i), "MUST GO SHORT", 13, "Impact", Crimson);
}
Show must go Short…
Check again in the Trading Masterclass #3 What Did I Say were the 3 sequential targets coming out of a capitulation, and see where price landed today.
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